City National Bank · 1 day ago
Residential Mortgage Risk Officer
US-FL-Miami
Full-time
Hybrid
Senior Level
5+ years expCity National Bank is seeking a Residential Mortgage Risk Officer to oversee the underwriting of the bank's residential lending programs. The role involves ensuring compliance with investor guidelines and government regulations, making lending decisions, and analyzing loan packages to minimize risk and maximize profit.
BankingFinanceFinancial Services
Responsibilities
Primary duties and responsibilities include underwriting residential loans to render a lending decision, with the ability to decision conventional agency (FNMA, FHLMC); portfolio loans including construction loans and CNB jumbo loans while maintaining quality control of new loans which is essential to the sound business operations of the bank
Given the lack of automated systems and lack of automated preliminary decisions by scheduled systems for portfolio loans, you will be responsible to make sound decisions within own lending authority up to $500,000 and makes recommendations for loans requiring exception approval authority, based on your own independent analysis and interpretations of cash flows, and banking lending risk guidelines (75% to 100% manual non-automated portfolio- residential underwriting)
In line with our culture of regulatory excellence, ensures by applying good judgement of that loan, the Bank new loans and existing reviews and renewals, meet the soundness required in our business operation
Underwrites all residential mortgage loans according to bank’s and/or investor guidelines. Makes loan decisions to approve or decline (within “Loan Authority” limits) and recommends approval for loans requiring a higher level of authority
Underwriting includes calculation of debt ratios, and using FNMA Desktop Underwriter / Originator, FNMA Collateral Underwriter, FNMA Uniform Collateral Data Portal, FHLMC Loan Prospector, and FHLMC Loan Advisor Suite
Analyzes challenging loan packages to render sound credit solutions in order to maximize organizational profit and minimize risk or loss, working within a set time frame to complete the files accurately
Analyzes and calculates income, debt to income ratios, cash to close, reserves after closing, credit report including payment history, public records, OFAC and fraud alerts. In addition, analyzes property appraisal and appraisal review to ensure property is acceptable, and reviews wind insurance, hazard insurance and flood insurance to determine if the property is adequately insured
Reviews files to ensure loan is within all federal and state regulatory compliance such as HMDA and all fair lending regulations including but not limited to Reg Z, Reg B and ECOA to ensure sound business operations
With independent judgment analyzes financial statements, personal tax returns and multiple business tax returns, and prepares cash flow analysis, for fraud detection, red flags and validation for underwriting in a timely manner
Based on own judgment, critical thinking, and analysis recommends and counteroffers alternatives to be offered by RM to those not qualifying for the original loan desired and renders credit decisions within specific set time frame that minimize risk to Bank and maximize profit
Flags loan applications that appear suspicious or that may contrary to the client’s best interest
Provides solution and alternatives for documentation and closing issues and provides back up to Consumer Risk Underwriting Officer as needed
Communicates with both internal and external customers to resolve issues throughout the underwriting process
Maintains accurate records utilizing a Paperless environment
Keeps informed of trends and developments in local real estate market. Stays abreast of changing regulations and investor guidelines
Qualification
Required
5-7 years of residential mortgage loan underwriting experience, with specific experience in FNMA and FHMLC
Expert with Fannie Mae DU/DO and Freddie Mac LP programs and policies
Knowledge of federal and state regulatory requirements
Thorough understanding of credit, underwriting, credit policy, and financial analysis in portfolio underwriting
Strong analytical and decision-making skills
Knowledge of Fannie Mae Desktop Underwriter and Freddie Mac Loan Prospector
Ability to effectively present information and respond to questions from groups of managers, borrowers, and internal/external clients
Ability to work with Origination and Processing staff
Must be familiar with fraud detection techniques
Microsoft Office proficiency required
Preferred
Correspondent lending experience
Encompass LOS knowledge
Bachelor's Degree in Business, Real Estate or related field, or an equivalent combination of education and relevant professional experience, may be considered
Company
City National Bank
City National Bank offers a full complement of banking, trust and investment services. It is a sub-organization of City National.
1001-5000 employees
H1B Sponsorship
City National Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (76)
2024 (78)
2023 (145)
2022 (93)
2021 (107)
2020 (62)
Funding
Current Stage
Public CompanyTotal Funding
unknown1978-01-13IPO
Leadership Team
Howard Hammond
CEO City National Bank
Fiyaz Khan
Senior Vice President, Structured Products
Recent News
UPSTATE BUSINESS JOURNAL
2025-12-18
Venture Capital Firms
2025-11-08
Company data provided by crunchbase